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President Emmanuel Macron said France will make a “new” and “historic” effort to increase defense spending to counter an acceleration of threats to freedom in Europe and the risk of outright war in the coming years.
2don MSN
French President Emmanuel Macron announced a plan on Sunday for an additional €6.5 billion in military spending over the next two years, citing what he described as "a greater threat" to freedom in Europe than at any point since World War II.
Macron called for a 3.5 billion-euro hike in defense spending next year and for another 3 billion-euro boost in 2027.
French President Emmanuel Macron on Sunday announced 6.5 billion euros ($7.6 billion) in extra military spending in the next two years because of new and unprecedented threats, ranging from Russia to nuclear proliferation,
France had aimed to double its defence budget from 2017 levels by 2030. However, Macron pledged to reach the target by 2027. A military budget that stood at 32 billion euros ($37.40 billion) in 2017 will rise to 64 billion euros by 2027, with an additional 3.5 billion euros allocated for next year and another 3 billion euros in 2027.
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